Baker Hughes said it has reached an agreement with CSL Capital Management and Goldman Sachs Group’s merchant banking division to create a hydraulic fracturing company in which Baker Hughes will own a 46.7% stake. 199 more words

Ever since the price of oil started slipping in 2014, economists have worried about bankruptcies among the nation’s highly leveraged oil and gas companies. Now, after oil’s nosedive, 2016 could be the year it comes to a head. 86 more words